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Stock impact report

Maintenance and Repair Distributors Stocks Q3 Highlights: Fastenal (NASDAQ:FAST) [Yahoo! Finance]

Global Industrial Company (GIC) 
Company Research Source: Yahoo! Finance
Today we are looking at Fastenal (NASDAQ:FAST) and the best and worst performers in the maintenance and repair distributors industry. Supply chain and inventory management are themes that grew in focus after COVID wreaked havoc on the global movement of raw materials and components. Maintenance and repair distributors that boast reliable selection and quickly deliver products to customers can benefit from this theme. While e-commerce hasn't disrupted industrial distribution as much as consumer retail, it is still a real threat, forcing investment in omnichannel capabilities to serve customers everywhere. Additionally, maintenance and repair distributors are at the whim of economic cycles that impact the capital spending and construction projects that can juice demand. The 8 maintenance and repair distributors stocks we track reported a slower Q3. As a group, revenues were in line with analysts' consensus estimates. Thankfully, share prices of the companies have been resilient as Show less Read more
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